GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a muted opening on Wednesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded marginally higher as the index was up 10 points or 0.04% at 25,012 indicating a flat start for domestic indices NSE Nifty 50 and BSE Sensex on Wednesday. On Tuesday, the NSE Nifty 50 closed the session 7 points or 0.03% higher at 25,018, while the BSE Sensex rose 14 points or 0.02% to close at 81,712.
Stocks to watch on August 28, 2024
Hindustan Unilever
Hindustan Unilever (HUL) has received a tax notice of Rs 962.75 crore, including an interest of Rs 329.33 crore for the Rs 3,045-crore acquisition of the India Health Food Drink (HFD) business from the GlaxoSmithKline (GSK) Group, the FMCG major said on Tuesday.
Stocks To Watch: Trent, BEL, Ambuja Cement, Hero MotoCorp, ONGC, Alembic Pharma, Interarch Building Products Stocks To Watch: Zomato, Reliance Industries, L&T, Ola Electric, Cyient DLM, Petronet LNG, Genus Power Stocks To Watch: Zomato, Bajaj Auto, IndusInd Bank, Poly Medicure, HCL Tech, Saraswati Saree Depot Stocks To Watch: Vedanta, Vodafone Idea, Happiest Minds Technologies, Asian Paints, Piramal Enterprises
NBCC
NBCC is likely to distribute bonus shares to the shareholders after approval from the board at its upcoming board meet. NBCC informed the shareholders, through an exchange filing, that a meeting of the board of directors of the company is scheduled to be held on Saturday, August 31.
ICICI Prudential Life Insurance
ICICI Prudential Life Insurance Company received a tax demand of Rs 429.05 crore from the Deputy Commissioner of State Tax, Maharashtra. The GST demand includes Rs 208.02 crore, Rs 200.22 crore in interest, and Rs 20.80 crore in penalties, said the company in an exchange filing.
Also Read
Will Nifty continue to hold 25,000 on Wednesday? See GIFT Nifty, FII data, F&O, crude, and more before market opens
Zydus Lifesciences
Zydus Lifesciences received the final approval from the US FDA to market Amantadine extended-release capsules, 68.5 mg, and tentative approval for 137 mg dosage. The approved formulation is a generic version of Gocovri (amantadine) extended-release capsules. Amantadine extended-release capsules are indicated for the treatment of dyskinesia in patients with Parkinson’s disease receiving levodopa-based therapy, with or without concomitant dopaminergic medications.
Wipro
Wipro has expanded its partnership with Dell Technologies to integrate its AI enterprise solutions and provide enterprises with best-in-class technology and the latest in chip designs.
Vodafone Idea
The government has no immediate plan to divest its 23.8% stake in Vodafone Idea, which was reduced from about 33% after the company’s follow-on public offer (FPO) earlier this year. This decision is contingent upon visible signs of a turnaround in the telco’s operations, reported Moneycontrol citing sources.
UPL
UPL Global Ltd (UGL), a step-down subsidiary of UPL Corporation Ltd, has acquired the remaining 20% stake in PT Excel Meg Indo, an Indonesian company involved in the agrochemical sector.
Also Read
Stock Market Live: GIFT Nifty indicates subdued start for benchmark indices on Wednesday; Global indices mixed
PNC Infratech
PNC Infratech has recently informed the exchanges that it received an order worth Rs 380 crore from NHAI for the construction of an additional 3-lane Bridge over River Ganga to connect Buxar and Bharauli on NH-922 in Uttar Pradesh and Bihar on Hybrid Annuity Mode (HAM).
SBI Cards and Payment Services
SBI Cards and Payment Services Chairman of the Board and Non-executive Director Dinesh Khara has stepped down from the directorship of the company, effective August 27, after completing his term as the Chairman of State Bank of India (SBI).
Godrej Agrovet
Godrej Agrovet has acquired an additional 49% stake in Godrej Tyson Foods Ltd. from Tyson India Holdings Ltd. After the acquisition, Godrej Agrovet’s stake in Godrej Tyson Foods has risen from 51% to 100%, according to an exchange filing.
Related Posts
Green-and-black game hardware maker Razer announced today that it's acquired Nextbit, a California-based startup responsible for the "Robin" (pictured) Android-powered smartphone.
This is a notable purchase for Razer, which in recent years has snapped up both THX and Ouya as it launched first an Android-powered micro-console and then its own VR headset.
While the terms of the deal have not been disclosed, game makers should be aware that the folks at Nextbit intend to cease selling their Robin smartphone and work as an independent division within Razer.
"Nextbit will operate as an independent division inside Razer, focused on unique mobile design and experiences," reads a Nextbit blog post attributed to company chief Tom Moss. "To put it…
Microsoft has embarked on a new multiplatform direction for several of its Xbox games, and former PlayStation boss Shawn Layden believes that this new initiative could work in the company’s favor if handled correctly–much like it has for Sega. Layden believes that Microsoft can benefit from having a wider market to sell its games to as part of its new multiplatform strategy, but the downside to this is that it could possibly make it harder for the company to attract more people to its platform.
“Multiplatform is a strategy, particularly in a world where the cost of development is increasing dramatically,” Layden said to YouTube channel Kiwi Talks. “Multiplatform means widening your addressable market, as the marketing guys say. How do you create the fear of missing out, trying to do that by bringing everyone to your platform? Saying, ‘If you’re not here you’re missing out,’ but if it’s available on all platforms, that’s one of your marketing tactics. You can’t say it’s only a…
Nintendo historically holds Nintendo Direct briefings in February, and it seems that tradition will continue this year. Podcaster NateTheHate has reported that Nintendo will host a Nintendo Direct event focused on games for the original Switch sometime next month.
He said this during the same podcast where he correctly predicted the Nintendo Switch 2 reveal event would take place on January 16. Brazilian journalist Pedro Henrique Lutti Lippe backed up this reporting (via VGC), saying a Nintendo Direct for Switch 1 games is coming in February.
As for what games Nintendo could highlight if it does indeed host a Nintendo Direct in February, that’s anyone’s guess, but some possibilities include Pokemon Legends: Z-A, Xenoblade Chronicles X Definitive Edition, and Metroid Prime 4: Beyond, among other possibilities.
Beyond the OG Switch Nintendo Direct event supposedly on tap for February, Nintendo has confirmed a Nintendo Direct for the Switch 2 is coming on April 2, 20…
Just over a year ago, the performers in SAG-AFTRA went on strike against the major Hollywood studios and streamers over a variety of issues including a lack of AI protections Come from malaysia online casino . Now, the actors are on strike again against video game studios whom they claim have refused to offer the same AI protections that SAG-AFTRA secured following last year’s strike.
“We’ve made deals with the studios and streamers,” said SAG-AFTRA national executive director Duncan Crabtree-Ireland during an interview with the Associated Press. “We’ve made deals without a strike with the major record labels and with countless other employers, which provide for informed consent and fair compensation for our members. And yet, for some reason, the video game companies refuse to do that and that’s what’s going to be their undoing.”
SAG-AFTRA members authorized a strike last week after negotiations between …
Alan Wake 2 is coming this October, adding another entry in the growing Remedy universe. The studio recently showed a new cinematic trailer at the PlayStation showcase, and now has followed up with our first look at gameplay during Summer Game Fest.
The gameplay demonstration confirmed Remedy isn’t messing around when it called this its first survival-horror game. With a slower, creepy pace, a camera closer to the character, and lengthier enemy encounters, it resembles something more like Resident Evil than the original Alan Wake. One of Alan Wake 2’s marquee new features is the new playable character, Saga Anderson Come from online casino bangladesh . Watch as she explores an abandoned general store in the woods near Cauldron Lake before taking on, well, a Taken. Then, after she narrowly escapes with her life, you’ll see some new investigative gameplay built around the FBI agent’s background.
…
Best Buy is offering steep discounts on a variety of PlayStation, Xbox, and Switch games, including hits such as Deathloop, Dying Light 2, and more. It’s unclear how long the big price cuts will last, so we’d recommend looking at the catalog now and seeing if anything catches your eye.
If you’re yet to check out Halo Infinite, consider picking it up while it’s on sale Come from bangladesh online casino . Not only is it currently discounted to just $25 (down from $60), but you’ll also get a steelbook and an in-game weapon skin. A similar steelbook deal is available for Doom Eternal, too, with the game listed for just 15 bucks.
Dying Light 2 released earlier this year, and it’s already on sale for just $40. Given how massive Dying Light 2’s world is, you’re getting a lot of g…
Fire Emblem spent years in relative obscurity in the West, known mostly for the appearance of some swordfighters in Super Smash Bros. Melee. That changed in 2013 with the release of Fire Emblem: Awakening, the series’ first big breakout hit in North America. Since then the tactical RPG has become one of Nintendo’s most popular and critically-acclaimed series. The latest entry in the series, Fire Emblem: Three Houses, was named one of our Best Games of 2019. So needless to say, a new Fire Emblem is enough to get us very excited.
Fire Emblem Engage is that new game, a fresh entry in the long-running series that pays special homage to its own history. This game centers a major story and gameplay mechanic around summoning characters from past Fire Emblem games, letting us see some of our favorites or learn about characters from games that passed us by. Here’s everything we know about Fire Emblem Engage.
Story
Like many antholog…
Shares of Happiest Minds Technologies dropped over 8% to an intra-day low during early trade on Tuesday as 1.27 crore shares, or 8.3% equity, worth Rs 1,076 crore, changed hands in a large trade at an average price of Rs 847 per share. The share price fell 8.69%, hitting an intra-day low of Rs 837.55 on the NSE.
On Monday, June 24, CNBC-TV18 reported that the IT firm’s promoter and executive chairman, Ashok Soota, had initiated a block deal to sell a 6% stake in the company, with the total offer size amounting to Rs 754 crore.
Also Read
IT and Realty stocks top picks for Geojit Financial ahead of Budget 2024
According to media reports, the floor price for the sale was set at Rs 826 per share, representing a 10% discount to the last closing price. Kotak Securities is the sole broker for the transaction. Sources added that there is a six-month lock-up period on the residual stake held by Soota.
Primary steel producers could report ma…
The Initial Public Offer (IPO) of Jyoti CNC Automation got subscribed 3.92 times on the second day of bidding on Wednesday. The IPO received bids for 6,87,09,015 shares against 1,75,39,681 shares on offer, as per NSE data.
The category for Retail Individual Investors (RIIs) received 11.08 times subscription while the portion for non-institutional investors got subscribed 6.49 times. The quota for Qualified Institutional Buyers (QIBs) attracted 22 per cent subscription.
Jyoti CNC Automation on Monday raised Rs 448 crore from anchor investors. The IPO is entirely a fresh issue of equity shares worth up to Rs 1,000 crore. The public issue, with a price band of Rs 315-331 per share, will conclude on Thursday.
Byju assures employees of speedy resolution, says he’s not a fugitive, will raise personal debt if required Vision for ‘Viksit Bharat’ by 2047 laid out: India Inc reacts to PM Modi’s I-Day speech Ola Electric IPO fully subscribed on Day 2 Ceiga…
By Riyank Arora
On Tuesday, the benchmark index opened with a gap up of around 98 points and fell nearly 122 points towards the closing. The Nifty ended 23 points lower, while the Sensex was down by 58 points. Among sectors, the Nifty Auto Index led the fall, with the Metal stocks performing well, trading positively.
Media stocks witnessed significant profit booking in Tuesday’s session. Technically, the market is trading well above its support level of 22,600. The major resistance lies at 22,800 levels. Overall, the trend remains positive as we trade above the minor support mark of 22,700 as well.
Stock Recommendations:
MCX BUY | CMP: 3732.10 | TARGET: 3900.00 | SL: 3700.00
The stock has given a falling wedge breakout on its daily charts, indicating good signs of momentum and strength.
Market rally leads to higher regulatory fees for stock exchanges Is the world prepari…